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Why is it "people are willing to pay" and not "corporations are brazen enough to charge"? These utilities are necessities and relatively few people have access

Why is it "people are willing to pay" and not "corporations are brazen enough to charge"? These utilities are necessities and relatively few people have access to cheaper alternatives to them.

vovavili 8mo ago
Because, under usual circumstances, self-interested corporations compete against each other to get as close to what people are willing to pay for energy as possible.
- cap11235 8mo ago
  > compete against each other Citation needed.
  - vovavili 8mo ago
    https://lmgt.org/?q=econ+101 https://lmgt.org/?q=econ+101
    - tzs 8mo ago
      There’s a reason most universities don’t hand you a bachelors degree in economics as soon as you complete EC101. You should look into EC102 and the rest of the curriculum.
beejiu 8mo ago
The regulations mandate that the market operates that way. It's the government that should be held to account.
bronson 8mo ago
Because PG&E is a for-profit company. They are supposed to charge what the market will bear.
- bcrosby95 8mo ago
  Unfortunately since PG&E is a regulated utility it's not that simple.
  - bronson 8mo ago
    When you compare PG&E's electricity rates to the rest of the nation (and neighbors like SMUD), you can see that the CPUC isn't doing much.